Crafts And Party Shop In Hitchin Hertfordshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular arts, crafts and party shop, which was established by our client in 1995 and which is only now being placed on the market due to his wish to semi retire. The business generates a turnover in the region of £100,000 per annum with a gross profit of 55% derived from the sale of a wide range of arts and crafts supplies and materials, party products such as invitations, banners, gifts and helium filled balloons. The business benefits from an enviable reputation and a loyal regular client base. The shop is popular with students at the art college. A new owner could increase turnover by perhaps developing a web site to promote the business and offer on-line sales. We feel this is an ideal opportunity to acquire a well-established arts and craft store in such a desirable town centre location and with immense scope to develop further. Early viewing must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold:
Original length: 10 years
Remaining: 2 years
Review: every 5 years
Rent: £15,250 per annum

Leasehold rent:

£15,250 per annum

Location:

Penco (Hitchin) Ltd, is ideally located on the main road in the heart of the town of Hitchin, Hertfordshire. The arts and crafts store is surrounded by a wide variety of complementary shops and businesses and benefits from a high footfall and much passing trade. There is a bus stop directly outside the shop and there is ample car parking in the vicinity. Hitchin is a popular market town with markets Tuesdays, Fridays and Saturdays. The town boasts several quality schools and the North Hertfordshire College Centre for the Arts. The town is easily accessed with junction 8 of the A1 approximately 3 miles away. The town of Letchworth lies approximately 3 miles north east, while Luton is approximately 9 miles south west.

Premises details:

Ground floor lock-up retail unit situated on a busy town centre shopping street. Briefly comprising:

Ground Floor
• Main sales and display area fitted to suit trade with various display areas and racking units displaying a wide range of supplies and materials including, canvases, artists' brushes, paper, embroidery silks, craft sets and balloons, retail counter with display window behind, electronic cash register, card terminal, CCTV and recorder (8-camera system), helium canister and balloon weights.
• WC with wash basin
• Stock room with racking and shelving to suit

External
•Service yard to rear

Business Operation

Trading hours:

Mon - Sat: 9.00am - 5.30pm
Sun: Closed